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To: Kirk © who wrote (78706)1/24/2018 8:26:45 PM
From: Elroy  Respond to of 95536
 
I made my comment after reading about similar losses at some oil and gas firms, I had forgotten which board we were on, so wasn't thinking about Lam Research. It can't be tax loss carry forwards for them.

Perhaps some benefit from depreciation that they had expected to receive over a long future time frame, and now they will receive a smaller benefit from this financial asset, but will receive it sooner? That would be my next guess.